Canadian County PARKER #1H-23, June 20 2016 27 13N 7W SENENENE API: 01724911 Lat: 35.579408691887565, Long: -97.9243574624055 NEWFIELD EXPLORATION MID-CON INC HH, DR, 14372 ft, MISSISSIPPIAN(9127), HUNTON(9655) Carter County EDWARDS #1, June 20 2016 21 3S 2W CNESENW API: 01905980 Lat: 34.28440667979151, Long: -97.41462775114033 CHATHAM JIMMY R SH, RE, 6385 ft, PONTOTOC(600), DEESE(920) Carter County …
June 2016 archive
$888 Million Sale of OKC’s PayRock Energy
Houston, Texas based Marathon Oil Corporation announced Monday its $888 million purchase of PayRock Energy Holdings, an Oklahoma City portfolio company of Encap Investments. Marathon’s purchase raises its holdings in Oklahoma from 265,000 acres before the acquisition to 326,000 acres afterward. Earlier in the year, the company confirmed it had distributed $204 million or 14% of …
$888 million Sale of OKC’s PayRock Energy
Houston, Texas based Marathon Oil Corporation announced Monday its $888 million purchase of PayRock Energy Holdings, an Oklahoma City portfolio company of Encap Investments. Marathon’s purchase raises its holdings in Oklahoma from 265,000 acres before the acquisition to 326,000 acres afterward. Earlier in the year, the company confirmed it had distributed $204 million …
SandRidge Bankruptcy Stalls Fraud Lawsuit in Stephens County
A Stephens County District Court judge has put on hold a local lawsuit accusing Chesapeake Energy and former SandRidge CEO Tom Ward of intentionally depressing bids and oil leases in the oil and gas industry. The lawsuit is similar to a federal lawsuit filed against Chesapeake and others in Oklahoma City U.S. District Court. …
Oklahoma’s Energy Sector Took Another Hit in May
Oklahoma’s latest jobless figures show the oil and gas industry is still bleeding badly in the world downturn, dropping 400 more jobs from April to May. Lynn Gray, Director of Economic Research and Analysis for the Oklahoma Employment Security Commission says the state’s energy sector has lost 19,200 jobs since its employment peaked in November …
Lawsuit by Williams Cos. in Muddy Merger Dismissed in Delaware
One of the lawsuits filed by Williams Cos. against Energy Transfer Equity in their muddy merger battle did not go to trial on Monday in Delaware as scheduled. Instead, the two firms agreed to a dismal and ETE of Dallas said it would pay $170,000 to cover court fees of Williams. Williams sued ETE in …
Oklahoma Joins Lawsuits Against VW Over Deceptive Advertising
The state of Oklahoma is one of the latest to join a series of lawsuits against Volkswagen, accusing the car maker of fraud in its Clean Diesel technology. The state is asking for nearly $8 million covering 3,855 registered VW vehicles in the state. Oklahoma is at least the seventh state to file a civil …
Texas Avoids Billions in Energy Rebates with Supreme Court Decision
The State of Texas is likely to save billions of dollars in rebates after the Texas Supreme Court turned aside a request for a sales tax refund sought by Midland-based Southwest Royalties. The nine Republican justices ruled unanimously that the energy company should not be exempted from paying sales tax on equipment used in its …
Washita River Bridge to be Detonated on Tuesday
The old State Highway 19 bridge over the Washita River near Lindsay will be blown up Tuesday by the State Transportation Department. It’s being replaced and crews will detonate controlled charges on the center span of the bridge at 8 a.m. The bridge was damaged in heavy flooding more than a year ago. If things …
Oil Futures Rally on Friday, End Lower for the Week
Oil futures rose on Friday but showed an overall decline for the week, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, July West Texas Intermediate crude tacked on $1.77 or 3.8%, to settle at $47.98 a barrel, ending almost 2.2% lower for the week. On London’s ICE Futures Exchange, August Brent crude climbed …
